I got a discounted "contractors" price of $2431 from ABC Supply.

Explain all the other variables and that it's because you're new (nothing wrong with that as long as you're analytical) you want to stay safe and conservative in all your estimates and are uncomfortable operating on razor-thin margins - all these things justify your offer.If you think of yourself as someone unwilling to compromise your integrity or business model, there won't be any hard personal feelings whichever way this deal goes.

So enough negative thinking, I'm going to borrow from his endless supply of, "It will work damnit!"

Operating expenses include taxes, insurance, management, maintenance, vacancy allowance, entity maintenance, legal fees, evictions, court costs, advertising expenses, lawsuits, office supplies, damage done by the tenants (above the deposit) and capital expenses (which are included in the 45% to 50% number but are not technically operating expenses) etc, etc, etc (all the things that happen in the real world).Mike

If so supply the details for a possible buyer.

-Use the debit card for a property account to buy all your repair materials, painting supplies, gas when you drive to visit the property, credit checks for the tenants, etc.

There are other variables to achieve this, such as demographics, trends, locations, etc.

Limited supply of properties, specifically new construction, continues to be a major theme throughout the net lease industry.

After that point, the deals will come regularly for as long as you continue to fuel the machine.Brandon Turner, your break down of the numbers a page or two back left out a few important variables.1) Residuals.

I didn't address liability issues but you need to do that whether you supply an appliance or not.